Greater Portland Inc
- Assets
- $881.9k
- Revenue
- $925.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Portland, OR
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 20-5922785
Organization Overview
Greater Portland Inc is located in Portland, OR. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Greater Portland Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Portland Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Greater Portland Inc generated $925.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A SUSTAINABLE AND VIBRANT ECONOMIC FUTURE FOR THE PORTLAND-VANCOUVER METROPOLITAN AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS DEVELOPMENT:DURING 2022, GREATER PORTLAND INC. ("GPI") CONTINUED TO ASSIST WITH BUSINESS RECRUITMENT BY CREATING TARGETED AWARENESS OF THE VALUE PROPOSITION FOR THE REGION AS A PLACE FOR BUSINESS AND GROWS THE RECRUITMENT FUNNEL TO BRING TRADED-SECTOR EXPANSION AND RELOCATION PROJECTS TO THE REGION THROUGH THE FOLLOWING:COORDINATION OF TAILORED RESEARCH FOR SUITABLE LAND AND BUILDINGS, LABOR AVAILABILITY, AND OTHER RELEVANT INFORMATION.FACILITATION OF KEY PARTNERSHIPS WITH LOCAL UTILITY COMPANIES, HIGHER EDUCATION AND OTHER BUSINESS DEVELOPMENT PARTNERS.ASSISTANCE TO LOCAL COMMUNITY PARTNERS WITH BUSINESS RETENTION/EXPANSION AND GENERAL ECONOMIC DEVELOPMENT EFFORTS THROUGH THE FOLLOWING:PREPARATION OF THE MOST CURRENT MARKET, ECONOMIC AND DEMOGRAPHIC INFORMATION.DEVELOPMENT OF THE GREATER PORTLAND GLOBAL PLAN TO INCREASE EXPORTS AND FOREIGN DIRECT INVESTMENT ACTIVITY IN THE REGION.ABILITY TO PROVIDE INDUSTRY AND MARKET ANALYSIS, ECONOMIC AND FISCAL ANALYSIS AND OPERATION COST COMPARISON ANALYSIS.IN 2022, GPI BROUGHT 608 NEW JOBS TO THE REGION.
MARKETING & COMMUNICATIONS:GPI CREATED, SUPPORTED, AND IMPLEMENTED MARKETING AND COMMUNICATION ACTIVITES TO SUPPORT BUSINESS DEVELOPMENT, CEDS, AND STRATEGIC PARTNERSHIP OBJECTIVES.
INVESTOR RELATIONS:GPI CONTINUED TO DEVELOP AND EXECUTE A STRATEGY THAT TARGETS AND GARNERS NEW INVESTORS, AS WELL AS STRATEGICALLY ENGAGING EXSISTING INVESTORS AND REGIONAL STAKEHOLDERS TO SUSTAIN ORGANIZATIONAL VIABILITY AND RELEVANCY THROUGH THE FOLLOWING:CONDUCTS REGULAR OUTREACH TO INVESTORS AND STAKEHOLDERS THROUGH COMMUNICATIONS, MEETINGS AND EVENTS TO INCREASE THE VISIBILITY OF GPI IN THE COMMUNITY, SHARE GPI INFORMATION AND BETTER UNDERSTAND STAKEHOLDER INTERESTS AND NEEDS RELATIVE TO REGIONAL ECONOMIC DEVELOPMENT.GPI'S AMBASSADOR PROGRAM HOSTS EVENTS WHERE EMERGING LEADERS LEARN ABOUT REGIONAL ASSETS, COLLECTIVE AND INDIVIDUAL STRENGTHS OF COMPANIES AND INSTITUTIONS, SUCCESSES AND CHALLENGES IN GROWING THE ECONOMY AND BUILD AN OVERALL UNDERSTANDING OF HOW PUBLIC AND PRIVATE ENTITIES WORK TOGETHER TO STRENGTHEN OUR REGION. THIS ENSURES THAT GPI'S AMBASSADORS ARE EDUCATED THOUGHT-LEADERS WHO UNDERSTAND THE INTRICACIES OF REGIONAL ECONOMIC ISSUES AND OUR DEVELOPMENT STRATEGIES.IN 2022, GPI HOSTED 5 AMBASSADOR EVENTS, INCLUDING THE GREATER PORTLAND ECONOMIC SUMMIT, WHICH FOCUSED ON THE ROLE OF THE PRIVATE SECTOR IN OUR REGION'S RECOVERY. 200 COMMUNITY LEADERS ATTENDED THIS EVENT.
REGIONAL STRATEGY:GPI MANAGED THE REGION'S FIVE-YEAR COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS) FOR 2022-2027. 250 INDIVIDUALS REPRESENTING 100+ ORGANIZATIONS CONTRIBUTED TO THE CEDS. GPI WILL SERVE A LEADERSHIP ROLE IN 9 OF THE 44 RECOMMENDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Garcia Secretary & Director | OfficerTrustee | 4 | $0 |
Anne Mcenerny-Ogle Vice Chair & Director | OfficerTrustee | 4 | $0 |
Gabe Gomez Treasurer & Director | OfficerTrustee | 4 | $0 |
Michelle Weisenbach Chair & Director | OfficerTrustee | 4 | $0 |
Mike Hurley Past Chair & Director | OfficerTrustee | 2 | $0 |
Randy Ealy Vice Chair & Director | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $833,508 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,855 |
| Noncash contributions included in lines 1a–1f | $7,855 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $841,363 |
| Total Program Service Revenue | $83,892 |
| Investment income | $96 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $925,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,087 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $323,879 |
| Pension plan accruals and contributions | $21,750 |
| Other employee benefits | $38,440 |
| Payroll taxes | $65,481 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $774 |
| Fees for services: Accounting | $97,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,624 |
| Office expenses | $2,427 |
| Information technology | $37,274 |
| Royalties | $0 |
| Occupancy | $38,977 |
| Travel | $491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $231,862 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,279 |
| Insurance | $6,464 |
| All other expenses | $17,540 |
| Total functional expenses | $1,084,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,157 |
| Savings and temporary cash investments | $38,660 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $709,097 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,286 |
| Net Land, buildings, and equipment | $3,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $881,939 |
| Accounts payable and accrued expenses | $111,823 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $111,823 |
| Net assets without donor restrictions | $672,285 |
| Net assets with donor restrictions | $97,831 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $881,939 |